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  • The Empire Strikes Back Against the Silver Price Rebellion  [View article]
    Then why not raise margins on ES??? Why just silver?
    May 1, 2011. 11:19 AM | 8 Likes Like |Link to Comment
  • The Impending Collapse of the Gold Bubble Part 2  [View article]
    " Intolerance of Opposing Views"

    If you walked around all day with your pants down, and lots of people told you to pull them up, that doesn't make you wise to keep them down. ......
    Mar 31, 2011. 11:39 PM | 5 Likes Like |Link to Comment
  • The Impending Collapse of the Gold Bubble  [View article]
    Go ahead and short it then "prophet." LOL!
    Mar 31, 2011. 11:29 PM | 10 Likes Like |Link to Comment
  • Gold and Silver Options Expiry March 28, 2011 - Expect Volatility  [View article]
    thank you
    Mar 28, 2011. 11:20 AM | 1 Like Like |Link to Comment
  • Gold and Silver Options Expiry March 28, 2011 - Expect Volatility  [View article]
    Great info. Thx.

    Can anyone recommend online brokers for trading silver options/futures on the COMEX?

    (Obviously, I'll do my own due diligence. But any suggestions to consider are greatly appreciated.)
    Mar 25, 2011. 12:31 PM | 4 Likes Like |Link to Comment
  • Friday's Market Blow - Jobs or No Jobs?  [View article]
    "Yep, you're wrong." ... yet you didn't disagree with anything I said. Having a bad day?
    Mar 6, 2011. 01:15 PM | 1 Like Like |Link to Comment
  • Friday's Market Blow - Jobs or No Jobs?  [View article]
    Interesting, Mr. Davis. Your knowledge and experience shine through. But at risk being a bug, I offer the following:

    Wealth has to go somewhere, doesn't it? (at least the portion that isn't destroyed). When the music stops where will people go? The dollar is far from safe. Why wouldn't gold/silver be a safe haven?

    If things get bad, I would think food is most valuable, and PMs will hold their value. Maybe I'm wrong. Maybe the only way to play is day trading leveraged options. But as a wage slave myself, I'd rather do something than nothing. (Thanks for all the info, Phil! Once again, I love your writing style.)
    Mar 4, 2011. 11:22 AM | 10 Likes Like |Link to Comment
  • Forward Thursday: Nothing Could Be Drier Than a Jolly Caucus Race  [View article]
    From Neil Gaiman's novel, American Gods:

    "You know ... the finest line of poetry ever uttered in the history of this whole damn country was said by Canada Bill Jones in 1853, in Baton Rouge, while he was being robbed blind in a cooked game of faro. George Devol ... drew Bill aside and asked him if he couldn't see the game was crooked. And Canada Bill sighed, and shrugged his shoulders, and said 'I know. But it's the only game in town.' And he went back to the game.
    Mar 3, 2011. 12:10 PM | 9 Likes Like |Link to Comment
  • Silver Outweighs Gold: Expecting This Trend to Continue  [View article]
    I've shifted more to silver than gold. (bought the last dip; long miners; will wait out any short term volatility; lack time to play options). I think gold will keep rising, but I think only the wealthy can afford to buy it in ounces. And if it seems expensive to me, then it darn sure must seem expensive to middle-classers in emerging economies.

    At current prices, IMO, Silver seems more manageable. (e.g., I carry a couple of $20 bills in my wallet. I never carry $1,000). Thus, I think it has more upside in 2011 as a percent, if one can ride out the volatility. I don't think I want to be in it forever. But at the moment, the government/Fed's treatment of the dollar scare me. I'm sure a lot of other people feel the same.
    Mar 3, 2011. 10:40 AM | 3 Likes Like |Link to Comment
  • Bernanke Does Not Rule Out QE3  [View article]
    Random late-night speculation: Bernanke has trapped himself. Drop QE, and everything dips, making his previous QE efforts a failure, and exposing him for a failure. QE is his idea of lowering interest rates below zero. Dropping it is like raising interest rates 4-5% in one shot. But keeping it is poisonous too. I think he rides this train to the end - end of the dollar, that is.
    Mar 2, 2011. 09:05 PM | 6 Likes Like |Link to Comment
  • Testy Tuesday: 1,333 or Bust - Again!  [View article]
    Even as a conservative, I love the writing style here. And as an attorney, I love to read different points of view. How else can one stay objective? Nice work today Phil.
    Mar 1, 2011. 11:03 AM | 14 Likes Like |Link to Comment
  • Silver's Price Moves: Anticipating a Fall?  [View article]
    yeah, yeah ... you say a big correction is coming AND any chance for a parabolic move up is priced in. And that's supposed to make me prefer dollars in a bank instead of silver miners in a portfolio? (and/or coins). No mention of M2, or unfunded liabilities, or QE, or ZIRP, or what the rest of the world thinks about such things. All these gold/silver bashing posts are the same - they fail to address the herd of stampeding elephants going through the room. Heck, I'm not a day trader. Maybe silver/gold will correct next week. But I'm not about to de-diversify myself.
    Feb 25, 2011. 01:04 PM | 5 Likes Like |Link to Comment
  • Why the Sun Is Setting on Gold  [View article]
    This article even has hypothetical neighbors who bet on the internet in 2000, and are just now going into gold. But I don't see any mention of QE or ZIRP or unfunded liabilities. Nor do I see any mention of other countries reaction to the same.

    Truth be told, it's a scary world out there right now. What the heck am I supposed to invest in? Real estate? Banks? Corp.'s who just maxed out profits by firing employees? The Dollar??? Money isn't even safe under the mattress. Why wouldn't I have a portion in physical metals and mining companies (which I do)?

    Anyone notice that gold/silver is up on a day when other things sold off? Sure hope that continues!
    Feb 22, 2011. 05:04 PM | 12 Likes Like |Link to Comment
  • Learning From Boeing's Outsourcing Disaster  [View article]
    "What careers should I encourage my children to pursue?" --> No idea. But we're working on languages at my house. Good thing my wife knows that sort of thing, 'cause I sure don't. Only trouble is, sometimes I need her to translate what the kids are shouting at me. ;-)
    Feb 19, 2011. 09:24 AM | 3 Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse, Part II  [View article]
    Hmm.. ya' sold at 1200, and you're still waiting to buy back in. Your wife may never get her jewelry.

    There is a serious logic failure here. You can argue that gold needs to catch its breath, and that there's other opportunities. But that doesn't mean gold is going to crash. And with a race in currency debasement, gold is pretty well safe - which is the point.

    (Long silver here)
    Feb 17, 2011. 12:51 AM | 1 Like Like |Link to Comment